Tue.Jan 30, 2024

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Should You Sign Up for Pay-Per-Mile Auto Insurance in 2024?

The Motley Fool

Image source: Getty Images When you own a car, auto insurance is an inevitable expense that comes with it. Ascent research finds that U.S. drivers pay $3,017 per year, on average, to maintain auto insurance. But the premium you pay will hinge on a variety of factors, including: Your driving history The make, model, and condition of your car at the time you buy it Your location Another factor that might influence your car insurance costs is the extent to which you use your car.

Companies 264
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Summit Partners buys auto body repair services provider CollisionRight from CenterOak

PE Hub

Since its formation in 2020, CollisionRight’s network has expanded to more than 85 repair centers across nine states. The post Summit Partners buys auto body repair services provider CollisionRight from CenterOak appeared first on PE Hub.

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Buying Life Insurance in 2024? Be Very Careful With This Type of Policy

The Motley Fool

Image source: Getty Images Whether you have a spouse, children, or siblings you help support, if there are people in your life who depend on you financially, then it's important to put a life insurance policy in place. You could opt for a term life insurance policy, which covers you for a preset number of years. Or, you could look at whole life insurance , which not only covers you permanently (meaning, the rest of your life), but also accumulates a cash value you can borrow against or cash out

Companies 259
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TA Associates-backed Rocscience acquires Diana Fea

PE Hub

Diana Fea is a finite element analysis software provider based in Delft, the Netherlands. The post TA Associates-backed Rocscience acquires Diana Fea appeared first on PE Hub.

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Lucid Stock Is Surging Again. We Still Don't Know Why.

The Motley Fool

Shares of EV maker Lucid Group (NASDAQ: LCID) were trading higher again early Tuesday, a day after a huge one-day gain that mystified veteran Wall Street observers. As of 11 a.m. ET, Lucid's shares were up 10.7% from Monday's close, and up 36.6% on the week so far. Lucid plans to begin production of its second model, a large luxury SUV called the Gravity, later this year.

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Walter GAM takes minority stake in Madryn Asset Management

PE Hub

Walter GAM is a private equity affiliate of the Walter Group, a Montreal-based family office. The post Walter GAM takes minority stake in Madryn Asset Management appeared first on PE Hub.

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Bertram invests in Ridgeline Roofing & Restoration

PE Hub

Ridgeline was founded in 2020. The post Bertram invests in Ridgeline Roofing & Restoration appeared first on PE Hub.

Investing 214
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The Ultimate Growth Stock to Buy With $1,000 Right Now

The Motley Fool

Growth stocks have been in fine form on the market over the past year thanks to numerous reasons, including cooling inflation, the Federal Reserve's pause on interest rate hikes, and a resilient economy. That momentum looks set to continue in 2024. Investment research firm Fundstrat's Tom Lee predicts that the S&P 500 index will jump as much as 30% this year from 2023 levels.

Prospects 246
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Arlington Capital invests in injectable drugs maker Afton Scientific

PE Hub

Tom Thorpe, founder and CEO of Afton, will continue to lead the company and remain a material shareholder going forward. The post Arlington Capital invests in injectable drugs maker Afton Scientific appeared first on PE Hub.

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Where Will Canoo Stock Be in 1 Year?

The Motley Fool

The very first bullet point in Canoo's (NASDAQ: GOEV) third-quarter 2023 earnings release stated that the electric vehicle (EV) company had reached the "accelerating revenue generation phase." That sounds great, and if you look at the income statement, it is clearly true. But there's still one small nuance to consider if you examine the company's 10-Q filing.

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LMP promotes Hurst to principal and Adelman to operations VP

PE Hub

Hurst joined LMP in 2016 and Adelman came on board in 2018. The post LMP promotes Hurst to principal and Adelman to operations VP appeared first on PE Hub.

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Will My Retirement Plan Withdrawals Impact My Social Security Benefits?

The Motley Fool

Many people work really hard to amass savings for retirement. So if you have a nice pile of cash in your IRA or 401(k), you may be hesitant to start tapping it right away. After all, you want that money to last. Still, the whole purpose of saving in an IRA or 401(k) is to be able to cover your living expenses in retirement without worry -- and perhaps, ideally, have money left over to pay for leisure, travel, and other fun things.

Taxes 246
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Searchlight readies automotive diagnostics business Opus Group for sale

PE Hub

The New York-based PE sponsor has engaged a cross-border investment bank to target prospective buyers, including US and European private equity sponsors, sources told PE Hub. The post Searchlight readies automotive diagnostics business Opus Group for sale appeared first on PE Hub.

Prospects 206
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Where Will Plug Power Stock Be in 2025?

The Motley Fool

Fool.com contributor Parkev Tatevosian considers several scenarios about where Plug Power (NASDAQ: PLUG) stock could be in two years and gives his thoughts on the most probable outcome. *Stock prices used were the afternoon prices of Jan. 27, 2024. The video was published on Jan. 29, 2024. Should you invest $1,000 in Plug Power right now? Before you buy stock in Plug Power, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for inve

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Pritzker Private Capital taps Gibson as operating partner

PE Hub

In this role, Gibson will work closely with PPC’s manufactured products companies to support strategic growth and commercial advancements. The post Pritzker Private Capital taps Gibson as operating partner appeared first on PE Hub.

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JetBlue Airways (JBLU) Q4 2023 Earnings Call Transcript

The Motley Fool

Image source: The Motley Fool. JetBlue Airways (NASDAQ: JBLU) Q4 2023 Earnings Call Jan 30, 2024 , 10:00 a.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning. My name is Travis. I would like to welcome everyone to the JetBlue Airways fourth-quarter 2023 earnings conference call. As a reminder, today's call is being recorded.

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AEI scoops up industrial facility from Retirement Systems of Alabama

PE Hub

AEI plans to renovate the Alabama-based facility to serve as an aerospace center of excellence anchored in The Shoals area. The post AEI scoops up industrial facility from Retirement Systems of Alabama appeared first on PE Hub.

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History Says the S&P 500 May Climb in the Triple Digits During This Bull Market. 3 Top Growth Stocks to Buy Before it Does.

The Motley Fool

After a 2022 in the doldrums and a 2023 of recovery, investors finally were able to cheer this month. That's because the S&P 500 reached a new high, signaling we are indeed in a bull market. These sorts of markets only can be declared after they've begun. That's because, to be in bull territory, an index must climb 20% from its bear market low and reach a record high.

Returns 246
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Hamilton Lane expands real assets investments team with two additions

PE Hub

Von Scheven is based in Frankfurt and McManus is based in Toronto. The post Hamilton Lane expands real assets investments team with two additions appeared first on PE Hub.

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Is Supporting Your Adult Children Impacting Your Retirement Plans?

The Motley Fool

Being a parent is a lifelong commitment. Your kids might go off to college, buy homes of their own, and start their own families -- but at the end of the day, your parenting duties may be perpetual, to some degree. That might extend to offering up financial support, even when your kids are at an age where they should, in theory, be capable of paying their own expenses.

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Ares Management promotes Solomon to co-head of real estate

PE Hub

Solomon joined Ares in 2013. The post Ares Management promotes Solomon to co-head of real estate appeared first on PE Hub.

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Adopting a Dog? You May Want to Choose a Rescue That Offers This Benefit

The Motley Fool

Image source: Getty Images When my family adopted our dog, Champ, over three years ago, our first priority was making him feel loved and comfortable in our home. So admittedly, pet insurance fell by the wayside. We'd gotten him over to the vet right away and he checked out fine. So we figured we had time to put insurance in place. Only we didn't. Soon enough, Champ started limping and experiencing joint pain.

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OceanSound names Marracino as IR principal

PE Hub

In this role, Marracino will be responsible for OceanSound’s investor relations and fundraising activities. The post OceanSound names Marracino as IR principal appeared first on PE Hub.

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Is CRISPR Therapeutics a Buy in the New Bull Market?

The Motley Fool

CRISPR Therapeutics (NASDAQ: CRSP) soared 54% last year as growth stocks rallied and the company itself moved toward an important milestone: the approval of its very first product. The gene editing specialist won the world's first nod for a CRISPR-based gene editing therapy back in November when the U.K. authorized Casgevy for sickle cell disease and beta thalassemia.

Returns 246
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OEP appoints Belinfanti as president

PE Hub

He succeeds founder Dick Cashin who will continue to serve as chairman. The post OEP appoints Belinfanti as president appeared first on PE Hub.

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Will You Be in for an Unpleasant Tax Surprise in 2024?

The Motley Fool

Image source: Getty Images Millions of tax filers received a tax refund from the IRS in 2023. As of the end of the year, the average refund amount was $3,167. If you typically get a refund when you file your taxes , you may be anticipating a repeat situation this season. But here's why you may end up having to write the IRS a check instead. Read more: we researched free tax software and put together a list of the best options here How much interest income did you earn in 2023?

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Unity Partners-backed NDH scoops up tax and accounting firm Jain & Jain

PE Hub

Chicago-based NDH is an accounting business. The post Unity Partners-backed NDH scoops up tax and accounting firm Jain & Jain appeared first on PE Hub.

Taxes 178
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How Not to Run Out of Money in Retirement

The Motley Fool

Most of us probably muse about our retirement from time to time, wishing it would arrive sooner and thinking of all the fun things we'll do and what a happy time it will be. Go ahead and do that! But retirement can also be a difficult time for many people -- if they're in danger of having their nest egg run dry too soon. Here, then, is a look at some ways to set up a retirement so that you don't run out of money before you run out of breath.

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Capstreet-backed TradePending appoints Zierden as COO

PE Hub

TradePending is a sales enablement and consumer experience software platform for car dealerships. The post Capstreet-backed TradePending appoints Zierden as COO appeared first on PE Hub.

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Investors Are Pouring Billions Into These 2 Bitcoin ETFs and Leaving the Rest Behind

The Motley Fool

The Securities and Exchange Commission (SEC) approved 11 new spot Bitcoin (CRYPTO: BTC) ETFs earlier this month; two stand out as clear winners among the group. The iShares Bitcoin Trust (NASDAQ: IBIT) from Blackrock (NYSE: BLK) was the first to reach $1 billion in assets under management less than one week after its launch. The Fidelity Wise Origin Bitcoin Fund (NYSEMKT: FBTC) followed close behind, reaching the milestone the next day.

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Inside the exit: How Warburg transformed Procare Solutions

PE Hub

Warburg Pincus bought a majority stake in Procare from TA Associates in 2018 and agreed to sell it to Roper Technologies for $1.86bn earlier in January. The post Inside the exit: How Warburg transformed Procare Solutions appeared first on PE Hub.

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Nvidia and AMD Stock Just Got Amazing Artificial Intelligence (AI) News From This Semiconductor Stock

The Motley Fool

In today's video, I discuss the recent updates impacting Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Jan. 29, 2024. The video was published on Jan. 29, 2024. Should you invest $1,000 in Nvidia right now?

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Flexpoint Ford promotes Sabharwal to principal

PE Hub

Sabharwal joined the Flexpoint financial services team in 2023 as a vice president. The post Flexpoint Ford promotes Sabharwal to principal appeared first on PE Hub.

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The S&P 500 Just Hit Another All-Time High: 3 Growth Stocks to Buy Hand Over Fist Now

The Motley Fool

Almost daily the S&P 500 index sets a new high, driven by increasing optimism about the growth prospects of the U.S. economy and cooling inflation in 2024. Many growth stocks , especially technology stocks, have played a key role in this rally. In an improving macroeconomic environment, many high-quality growth stocks can continue to rise in 2024.

Prospects 246